Use this button to switch between dark and light mode.

Is This Asset Sale Permitted?

February 07, 2023 (2 min read)

Your client calls and asks whether the sale of an asset is permitted under its credit agreement or whether such a sale triggers a mandatory prepayment. A prohibition or restriction under an existing credit agreement could impact the structure or timing of the transaction—or whether the borrower can pursue it at all. Read this practice note explaining how you should proceed when a client calls and asks whether the sale of an asset is permitted under a credit agreement.

Read now »

Related Content

  • Negative Covenants in Credit Agreements
    Read this practice describing negative covenants and the related definitions, which are among the most heavily negotiated provisions in a credit agreement.

Practical Guidance Updates
Featuring the latest updates from your Practical Guidance account.


Experience results today with practical guidance, legal research, and data-driven insights—all in one place.

Experience Lexis+

Tags: